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Saudi Aramco tops global profit charts for 2024

Saudi Aramco tops global profit charts for 2024

February 01, 2025

Oil giant raked in US$120 billion, ranking as world's most profitable company for third consecutive year

Oil giant Saudi Aramco completes $70 billion takeover of Sabic

Saudi Aramco has given itself more time to pay for an almost $70 billion acquisition of Saudi Basic Industries Corp. as this year's slump in oil prices stretches its finances.

Saudi Aramco will find it increasingly hard to serve two masters

FRIDAY, MARCH 20, 2020

Saudi Aramco released its first earnings report as a public company this week, and the oil giant's management discussed the results with analysts on a call Monday. By itself, Aramco's 2019 financial performance wasn't as strong as 2018, but not overly disappointing. However, these numbers show that Aramco - or more accurately the Saudi monarchy, which controls it - may have some hard choices ahead in 2020.

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